City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Special Meeting Agenda
Monday, March 16, 2026
11:00 AM Special Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
SPECIAL MEETING (11:00 AM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS NONE
4. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respond to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
5. APPROVAL OF MINUTES
5.1 January 13, 2026 Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.1 Proposed Parity Bond Issuance for Community Facilities District No. 20232 Improvement Area 1
RECOMMENDED ACTION
1. Review the proposed parity bond issuance request for Community Facilities District (“CFD”) No. 20232 Improvement Area 1, Cimarron Ridge, by Pulte Home Co., LLC, to finance the costs of certain public improvements in connection with the development of 424 homes in a community located south of Rouse Road and west of Byers Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.2 Community Benefit Agreement (CBA) for Double Butte Project RECOMMENDED ACTION
1. Review proposed Community Benefit Agreement (CBA) for Double Butte Project and recommend submittal to the City Council for approval.
6.3 Community Benefit Agreement (CBA) for Seaflower BESS Project RECOMMENDED ACTION
1. Review proposed Community Benefit Agreement (CBA) for Seaflower BESS Project and recommend submittal to the City Council for approval.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
10. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Special Finance Committee Meeting
March 16, 2026
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Special Meeting Agenda
Monday, March 16, 2026
11:00 AM Special Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
SPECIAL MEETING (11:00 AM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS NONE
4. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respond to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
5. APPROVAL OF MINUTES
5.1 January 13, 2026 Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.1 Proposed Parity Bond Issuance for Community Facilities District No. 20232 Improvement Area 1
RECOMMENDED ACTION
1. Review the proposed parity bond issuance request for Community Facilities District (“CFD”) No. 20232 Improvement Area 1, Cimarron Ridge, by Pulte Home Co., LLC, to finance the costs of certain public improvements in connection with the development of 424 homes in a community located south of Rouse Road and west of Byers Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.2 Community Benefit Agreement (CBA) for Double Butte Project RECOMMENDED ACTION
1. Review proposed Community Benefit Agreement (CBA) for Double Butte Project and recommend submittal to the City Council for approval.
6.3 Community Benefit Agreement (CBA) for Seaflower BESS Project RECOMMENDED ACTION
1. Review proposed Community Benefit Agreement (CBA) for Seaflower BESS Project and recommend submittal to the City Council for approval.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
10. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Special Finance Committee Meeting
March 16, 2026